Value Add

EQT Exeter’s Minneapolis industrial portfolio purchase cost about $475m

The manager is buying 24 properties comprising 5 million square feet from logistics giant Prologis with equity from its $4.9bn sixth industrial value-add fund.

Stoneweg eyes ‘one-stop shop’ in Europe with Cromwell acquisition

The addition of Cromwell Europe will double Stoneweg’s AUM and expand its wheelhouse into multiple new markets, says founder Jaume Sabater.

MSREI sells four warehouses as near-shoring trend picks up

The four industrial properties located on the Texas-Mexico border were sold to two institutional buyers.

PGIM Real Estate targets $2bn for data center fund

The US firm is aiming to hold a final close this summer for the globally focused vehicle, which would be its largest closed-end fund yet.

Patron Capital closes seventh opportunistic fund in ‘brutal’ market

Founder Keith Breslauer says most US investors were not interested in pursuing distress in Europe, perceiving a greater opportunity at home.

TPG to step up real estate deployment with $15bn of dry powder

Included in the firm’s arsenal of capital is $2.5bn raised for two Asia real estate funds following its acquisition of Angelo Gordon.

Ares’ Phillips: ‘We are beginning to see signs of a market recovery’

The Los Angeles-based firm expects to bring to market the latest iterations of its European and US value-add real estate funds this year.

Adding value in Asia-Pacific

The region’s diversity means a plethora of opportunities to create value for investors seeking to boost returns, but they need to be selective.

Pursuing real estate’s green premium

Investors and managers are creating value with a range of ESG and sustainability initiatives.

For building conversion strategies, it is all about pricing

Most change-of-use projects are not economically viable, but falling prices, looming debt maturities and potential government assistance could change that.